- Eruditus moves to India for eventual domestic IPO.
- India’s capital markets offer better prospects than Singapore.
- Eruditus sees India’s edtech boom fueling growth before any IPO.
Indian edtech startup Eruditus is relocating company headquarters from Singapore to India as it lays the groundwork for a potential domestic stock market debut in coming years, Reuters reported this week.
Why choose India for an IPO?
Eruditus CEO Ashwin Damera cited India’s “much liquidity and capital” as offering better IPO prospects versus alternatives like Singapore, where Eruditus was previously based.
However, any IPO launch remains at least two years away by Damera’s estimate.
Leveraging domestic growth
The move highlights a strategic shift among Indian firms, as maturing domestic capital markets and regulatory environments make an India listing more attractive over international alternatives tapped previously.
Backed by over $585 million from top VCs like Softbank and Accel, fast-growing Eruditus sees ample runway to first cement growth before pursuing IPO plans.
India’s booming edtech market also offers expansion opportunities, evidenced by Eruditus’ 75% annual revenue growth. An India HQ signals confidence Eruditus can leverage domestic tailwinds to achieve scale.
